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BASE METALS HIGHLIGHTS: Top Stories Of The Day11 days ago
TOP STORIES:
NEW YORK (Dow Jones)--Miners and mining-equipment makers climbed steadily Monday because commodity prices rose in response to a falling dollar as investors looked for ways to hedge against the currency.
LIMA (Dow Jones)--Unions at Peru's Antamina polymetallic mine plan to discuss the latest contract proposal from Antamina during meetings Monday and Tuesday, with strike action a possibility.
STORIES OF INTEREST:
SANTIAGO (Dow Jones)--The labor strike at Chilean copper mine Spence entered its 28th day Monday with no new talks between workers and mine management scheduled to take place, a union leader said.
Zambia's largest cobalt smelter, Chambishi Metals PLC, has started to receive concentrate supplies from Congo's Katanga province, allowing it to resume operations after nearly 12 months of inactivity, an official with Zambia Consolidated Copper Mines Investments Holdings told Dow Jones Newswires Monday.
Mining companies operating in Zambia, Africa's largest copper producer, want the government to put in place adequate measures to address the erratic fuel supply that has dogged the country in the past four weeks, the president of the Chamber of Mines of Zambia told Dow Jones Newswires Monday.
LONDON (Dow Jones)--The London Metal Exchange said Monday it finalized the first long-term physical cobalt contract using LME pricing.
MARKETS:
NEW YORK (Dow Jones)--Copper futures settled higher Monday as the U.S. dollar weakened and oil prices rose amid a general boost in investor risk appetite.
LONDON (Dow Jones)--Base Metals on the London Metal Exchange continued to rise in lackluster European trading Monday as a weaker dollar against most currencies provided support despite lack of conviction from investors about where prices should head next.
-By Matt Whittaker, Dow Jones Newswires; 212-416-2139; matt.whittaker@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=MJzxBhF%2FjzBefbmnV8by9Q%3D%3D. You can use this link on the day this article is published and the following day.
Miners, Mining-Equipment Companies Ride Commodity Wave Up
Peru's Antamina Mine Union To Decide On Contract This Week
Chile's Spence Copper Workers Strike Enters 28th Day
Zambia Chambishi Metals Gets Concentrate Supplies, Resumes Ops
Zambia Miners Want Government To End Erratic Fuel Supplies -Body
LME Finalizes Physical Cobalt Contract Using LME Pricing
BASE METALS: Comex Copper Futures Rise On US Dollar Weakness
BASE METALS: LME Metals Up On Weak Dlr; China Import Data Eyed
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